Earnings Working Against Rand Mining Limited's (ASX:RND) Share Price Following 30% Dive
Dec 13
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Australian (ASX) Gold Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies156
- 7D-6.9%
- 3M0.8%
- 1Y21.9%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 8.2%, driven by Northern Star Resources declining 7.2%. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$69.5b | AU$18.7b | AU$1.8b | 21.3x | 38.1x | 3.7x |
| Mon, 18 Nov 2024 | AU$67.8b | AU$18.6b | AU$1.8b | 18.4x | 37.5x | 3.7x |
| Wed, 16 Oct 2024 | AU$71.5b | AU$18.4b | AU$1.8b | 22.1x | 39.9x | 3.9x |
| Fri, 13 Sep 2024 | AU$63.7b | AU$18.3b | AU$1.7b | 19.9x | 38.3x | 3.5x |
| Sun, 11 Aug 2024 | AU$59.5b | AU$16.1b | AU$1.1b | 23.1x | 53.9x | 3.7x |
| Tue, 09 Jul 2024 | AU$57.5b | AU$16.0b | AU$1.1b | 22.4x | 53.6x | 3.6x |
| Thu, 06 Jun 2024 | AU$58.9b | AU$17.1b | AU$1.2b | 21.1x | 49.8x | 3.4x |
| Sat, 04 May 2024 | AU$56.5b | AU$17.1b | AU$1.2b | 21.1x | 47.4x | 3.3x |
| Mon, 01 Apr 2024 | AU$55.5b | AU$17.2b | AU$1.2b | 18.9x | 46.4x | 3.2x |
| Wed, 28 Feb 2024 | AU$47.6b | AU$16.4b | AU$958.3m | 18.2x | 49.7x | 2.9x |
| Fri, 26 Jan 2024 | AU$72.4b | AU$22.9b | AU$1.3b | 23.3x | 53.8x | 3.2x |
| Sun, 24 Dec 2023 | AU$76.5b | AU$22.9b | AU$1.3b | 26.6x | 56.9x | 3.3x |
| Tue, 21 Nov 2023 | AU$70.4b | AU$22.9b | AU$1.4b | 22.1x | 52.1x | 3.1x |
| Thu, 19 Oct 2023 | AU$71.0b | AU$23.0b | AU$1.4b | 23.5x | 52.1x | 3.1x |
| Sat, 16 Sep 2023 | AU$69.4b | AU$22.9b | AU$1.5b | 19.2x | 47.5x | 3x |
| Mon, 14 Aug 2023 | AU$68.6b | AU$22.4b | AU$444.7m | 18.3x | 154.3x | 3.1x |
| Wed, 12 Jul 2023 | AU$72.1b | AU$22.3b | AU$557.6m | 17x | 129.3x | 3.2x |
| Fri, 09 Jun 2023 | AU$70.4b | AU$22.3b | AU$576.7m | 17.3x | 122x | 3.2x |
| Sun, 07 May 2023 | AU$78.1b | AU$22.2b | AU$563.9m | 20x | 138.5x | 3.5x |
| Tue, 04 Apr 2023 | AU$69.2b | AU$22.2b | AU$556.3m | 15.9x | 124.4x | 3.1x |
| Thu, 02 Mar 2023 | AU$62.3b | AU$22.3b | AU$571.7m | 16.3x | 108.9x | 2.8x |
| Sat, 28 Jan 2023 | AU$67.5b | AU$20.6b | AU$1.1b | 19x | 60x | 3.3x |
| Mon, 26 Dec 2022 | AU$61.7b | AU$21.0b | AU$1.2b | 18.1x | 52.1x | 2.9x |
| Wed, 23 Nov 2022 | AU$57.2b | AU$21.2b | AU$1.2b | 15x | 46.8x | 2.7x |
| Fri, 21 Oct 2022 | AU$48.1b | AU$21.5b | AU$1.3b | 13.4x | 37.6x | 2.2x |
| Sun, 18 Sep 2022 | AU$48.0b | AU$20.9b | AU$1.4b | 11.1x | 34.4x | 2.3x |
| Tue, 16 Aug 2022 | AU$55.7b | AU$19.1b | AU$2.1b | 9.4x | 26.1x | 2.9x |
| Thu, 14 Jul 2022 | AU$49.5b | AU$19.4b | AU$2.2b | 7.5x | 22.8x | 2.5x |
| Sat, 11 Jun 2022 | AU$60.8b | AU$19.1b | AU$2.1b | 9x | 28.4x | 3.2x |
| Mon, 09 May 2022 | AU$68.3b | AU$19.1b | AU$2.2b | 11.4x | 31.3x | 3.6x |
| Wed, 06 Apr 2022 | AU$73.6b | AU$18.7b | AU$2.1b | 12.1x | 34.5x | 3.9x |
| Fri, 04 Mar 2022 | AU$67.2b | AU$18.4b | AU$2.3b | 11.1x | 29.5x | 3.6x |
| Sun, 30 Jan 2022 | AU$58.2b | AU$18.6b | AU$3.1b | 9.7x | 19x | 3.1x |
| Tue, 28 Dec 2021 | AU$64.2b | AU$18.4b | AU$3.0b | 10.4x | 21.1x | 3.5x |
Price to Earnings Ratio
21.1x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 38.6x which is lower than its 3-year average PE of 62.7x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Gold industry have declined 16% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | -2.74% | |
| Materials | -5.16% | |
| Metals and Mining | -5.24% | |
| Gold | -6.94% | |
| Aluminum | -2.21% | |
| Diversified Metals and Mining | -4.43% | |
| Precious Metals and Minerals | -5.76% | |
| Steel | -6.34% | |
| Copper | -6.85% | |
| Silver | -15.62% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PDI Predictive Discovery | AU$0.24 | 2.1% +AU$11.8m | 14.3% | PS3304x | |
| ERM Emmerson Resources | AU$0.075 | 23.0% +AU$7.6m | 36.4% | PS299.1x | |
| CAY Canyon Resources | AU$0.17 | 2.9% +AU$7.1m | 136.5% | PB5.7x | |
| RND Rand Mining | AU$1.56 | 7.6% +AU$6.3m | 14.7% | PE13.3x | |
| BDG Black Dragon Gold | AU$0.045 | 80.0% +AU$5.9m | 60.7% | PB12x |
